News Summary
Berkadia Commercial Mortgage has finalized a lease for 2,625 square feet at 121 Calhoun Street, achieving full occupancy for the property. This prime location is expected to boost Berkadia’s operations in Charleston, where the demand for Class A office space continues to grow. The office features on-site parking and is situated near various amenities. The lease was facilitated by Maddy Stout of Colliers, highlighting the building’s appeal to diverse tenants, including a bridal boutique and a content creation group.
Charleston Office Space Leased to Berkadia Commercial Mortgage
Berkadia Commercial Mortgage has signed a lease for 2,625 square feet of office space at 121 Calhoun Street, marking the property’s full occupancy. This transaction solidifies Berkadia’s presence in Charleston as the leading non-bank commercial mortgage servicer in the U.S. The lease was facilitated by Maddy Stout, a Brokerage Associate representing 2783 Atlantic Owners.
The 7,450-square-foot office building, located in a prime area of Charleston, offers on-site parking along with close proximity to various amenities, including restaurants, hotels, and shopping. Berkadia will occupy the second floor of the building, which boasts high visibility due to over 15,000 vehicles and thousands of pedestrians passing daily. This prime location is expected to enhance Berkadia’s operational efficiency and client engagement.
Other Tenants and Property Features
At 121 Calhoun Street, the first floor is occupied by White Magnolia, a bridal boutique, while the third floor houses Creators Corner, a content creation group. The leases for both of these businesses were completed by Colliers in 2023 and 2024, showcasing the building’s appeal to a diverse range of tenants.
Market Insights and Demand
Maddy Stout highlighted that there is a continuous demand for Class A office space in Charleston, often exceeding the available supply. This trend has made 121 Calhoun Street an attractive proposition for companies seeking quality office environments. Stout emphasized that the successful collaboration with Atlantic Owners was crucial in securing advantageous leasing terms, ensuring that the right tenant would be paired with the property.
Berkadia’s Role and Services
Berkadia Commercial Mortgage provides a range of services in the commercial real estate sector, including lending, brokerage, investment sales, and property research. The company focuses on enhancing commercial property value and facilitating real estate transactions, further establishing its reputation in the industry.
Conclusion
Berkadia’s leasing at 121 Calhoun Street is a significant addition to Charleston’s commercial real estate landscape. The full occupancy of this premier Class A office building reflects the robust economic activity in the area, reinforcing the need for high-quality serviced spaces to accommodate growing businesses. As the demand for office space remains strong, properties like 121 Calhoun Street will continue to be sought after in the Charleston market.
Weather Conditions
On the day of the announcement, Charleston is experiencing partly cloudy skies that will transition into occasional showers in the afternoon. The expected high temperature is 82°F, with southwest winds blowing at 10 to 15 mph. The evening low will settle around 70°F, accompanied by lighter winds.
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Additional Resources
- Post and Courier: Colliers Fills Up Downtown Edifice
- Wikipedia: Commercial Real Estate
- Charleston Business: Development Group Makes Executive Team Moves
- Google Search: Charleston commercial real estate
- Charlotte Observer: News on Business
- Google Scholar: commercial real estate Charleston
- Commercial Search: Stockbridge Buys Industrial Asset Near Charleston
- Encyclopedia Britannica: commercial property
Author: STAFF HERE CHARLESTON
The CHARLESTON STAFF WRITER represents the experienced team at HEREcharleston.com, your go-to source for actionable local news and information in Charleston, Charleston County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Spoleto Festival USA, Charleston Wine + Food Festival, and the MOJA Festival. Our coverage extends to key organizations like the Charleston Metro Chamber of Commerce and the Charleston Museum, plus leading businesses in tourism and maritime industries that power the local economy such as South Carolina Ports Authority and the Charleston Visitor Center. As part of the broader HERE network, including HEREaiken.com, HEREbeaufort.com, HEREchapin.com, HEREcharleston.com, HEREclinton.com, HEREcolumbia.com, HEREgeorgetown.com, HEREgreenwood.com, HEREgreenville.com, HEREhiltonhead.com, HEREirmo.com, HEREmyrtlebeach.com, HEREnewberry.com, HERErockhill.com, HEREspartanburg.com, HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, and HEREsanantonio.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
